I'm surprised how low this (the December result) is.

I believe the exchange rate could have a small reaction (to the rate hike). If the peso opened today at 522 (per dollar) tomorrow it could open at 525, but at that level we'll certainly see some dollar offers coming in on profit taking.

The industrial production is a good figure and it gives a sign that the IMACEC (economic growth indicator for January) could be around 6.0 percent, which means we've got a good start to the year.